Connected medical devices represent a rapidly growing sector in healthcare. There are currently 10-15 million connected devices in use globally; cybersecurity spend in the healthcare sector is valued at $5.5 billion annually and is expected to reach $11 billion by 2020.

“This investment milestone will see Nova Leah further expand on its existing success as we strive to become the number one provider of cybersecurity compliance solutions for the connected medical device industry,” said Anita Finnegan, CEO, Nova Leah. “The proceeds of this investment will allow us to expand our team, further develop our product roadmap and build our presence in the marketplace.”